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178
Oct 3, 2012
10/12
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we are already seeing implications of the fiscal cliff affect the economy. there's been antedoal reports of businesses talking about this coming, looking at the weaker economy, scaling back their plans. we've got the requirement that defense contractors have to send out notices to employees who will be laid off. they are already talking about whether they are getting nervous. if you're a dividend investor looking at the tax rate from 15% to 45%, january 1, with probability, you're worried about being in the market. this is not something that's going to wait until january. it's already harming the economy, and if we go over the cliff, it would be irresponsible in the extreme. the entire issue with the fiscal cliff is to get from here to the spring of 2013, being good stewards of the economy, and not cause a recession. that should be the goal. if you look at the pieces of the cliff, the payroll tax cut, the temporary holiday, there is a pretty much bipartisan consensus that's going away. there's some tax increases there. considered inconceivable we get rid of
we are already seeing implications of the fiscal cliff affect the economy. there's been antedoal reports of businesses talking about this coming, looking at the weaker economy, scaling back their plans. we've got the requirement that defense contractors have to send out notices to employees who will be laid off. they are already talking about whether they are getting nervous. if you're a dividend investor looking at the tax rate from 15% to 45%, january 1, with probability, you're worried about...
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108
Dec 13, 2012
12/12
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is fiscal policy becomes contractionary the economy will go off the cliff. i think there's reason to be concerned about this. i don't buy the idea that a short-term descent off the fiscal cliff would not be costly. i think it would be costly in effect we are are already seeing costs. why would the confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile? why is business investment among the weakest levels? i think all of these things can be traced to the anticipation and the concern about the fiscal cliff and i think we don't know exactly what would happen but i think there is certainly a risk that should be taken seriously and therefore it's very important that the most helpful thing i think congress can do right now is to find a resolution that on the one hand achieves longer fiscal sustainability which is absolutely critical for a healthy economy but also avoid derailing the recovery which is currently in process. >> john from "the wall street journal." mr. chairman i want to sort o
is fiscal policy becomes contractionary the economy will go off the cliff. i think there's reason to be concerned about this. i don't buy the idea that a short-term descent off the fiscal cliff would not be costly. i think it would be costly in effect we are are already seeing costs. why would the confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile? why is business investment among the weakest levels? i think all of...
96
96
Jan 12, 2013
01/13
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she even used some things about the fiscal cliff and the economy but she didn't know about guantanamo. it disappeared. i am not going to say anything much more relevant. we can answer questions but when you have something, people say guantanamo continues to hurt us around the world. i asked peter is it still an issue in the middle east? it is still an issue that makes people in the great debate after the arabs spring between muslim moderates and extremists that makes a difference in fat, that influences people and the way they think about united states. it is still on the list of reasons people become extremists, reasons recruiting tool for terrorism, it hurts us that way. it is not us. trafficking, we want to fight trafficking. it is a terrible thing. that is not u.s. policy. this is u.s. policy. this defines who we are. it is that stain on our reputation. i want to finish with what andy worthington said. i don't know whether people here have watched the movie lincoln, but it really is a story of how abraham lincoln pushed through an amendment to the constitution to free the slaves a
she even used some things about the fiscal cliff and the economy but she didn't know about guantanamo. it disappeared. i am not going to say anything much more relevant. we can answer questions but when you have something, people say guantanamo continues to hurt us around the world. i asked peter is it still an issue in the middle east? it is still an issue that makes people in the great debate after the arabs spring between muslim moderates and extremists that makes a difference in fat, that...
92
92
Jul 25, 2012
07/12
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and incoming data clearly point to even more slowing in the economy as uncertainty from the fiscal cliff has begun to strangle hiring and investment. my friends on the other side have got to wake up to these facts. the only thing that appears to have changed is that president obama has apparently chosen the path of class warfare and is pursuing a politics-driven tax agenda. i remember days in the past when my friends on the other side would rise up against even their own president when it comes to good economics, but -- and i hope they will again. it appears like it's not so today. my hope is that my colleagues who have supported this tax relief in the past will put the president's shortsighted and self-interested partisanship aside and vote on behalf of their constituents in favor of s. 3413 to extend this tax relief to america's families and small businesses. for the sake of the more than 12.7 unemployed -- 12.7 million unemployed americans, my hope is that we act to prevent the president's campaign drive to malign small businesses and raise their taxes, that it does not get in the way
and incoming data clearly point to even more slowing in the economy as uncertainty from the fiscal cliff has begun to strangle hiring and investment. my friends on the other side have got to wake up to these facts. the only thing that appears to have changed is that president obama has apparently chosen the path of class warfare and is pursuing a politics-driven tax agenda. i remember days in the past when my friends on the other side would rise up against even their own president when it comes...
104
104
Oct 3, 2012
10/12
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eye 104
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we are already seeing the implications of the imminent fiscal cliff affect the economy. we have seen lots of antedot dahl reports of businesses talking about the coming. looking at weaker economy, scaling back the plans. we have the requirement that the defense contractors must send out notices to employees who are going to blaid off. the employees talking about -- you look at the tax rate going 15 to 54% with some probability. you're starting to worry about being in the market. so this is not somhing that is going to wait until january. it's already harming the economy and if we do go over the fiscal cliff it would be irresponsible in the extreme. the entire issue with the fiscal cliff is to get from here to the spring of 2013 that should be the goal. now if you look at the piece of the cliff, the first payroll tax cut of the temporary holiday i think there is pretty much a bipartisan consensus it's going to go away. there some tax increases there. i consider it inconceivable we're going to get rid of the new taxes from the affordable care act between now and january 1.
we are already seeing the implications of the imminent fiscal cliff affect the economy. we have seen lots of antedot dahl reports of businesses talking about the coming. looking at weaker economy, scaling back the plans. we have the requirement that the defense contractors must send out notices to employees who are going to blaid off. the employees talking about -- you look at the tax rate going 15 to 54% with some probability. you're starting to worry about being in the market. so this is not...
100
100
Dec 13, 2012
12/12
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>> yes. >> well, clearly the fiscal cliff is having effects on the economy. even though we have not reached the point of the fiscal cliff potentially kicking in. it is already affecting business investment and hiring decisions. we saw what happened to everything in regards to the fiscal cliff, and really this is a major risk factor and a major source of uncertainty about the economy going forward. i would suspect that the participants don't make this explicit, but what they are assuming in their projections is that the fiscal cliff gets resolved in some intermediate way, whereby there is still some fiscal drag, but not as much as i buy the fiscal cliff. you're absolutely right that there's a lot of uncertainty right now. it is the fiscal cliff situation, and it turns out to be resolved in a way that is different from our expectations. i'm sure that you will see changes in the forecast been a [inaudible question] >> thank you, mr. chairman. in regards ramping up additional easing, you will now be adding more, also, you know, we talked about maintaining until w
>> yes. >> well, clearly the fiscal cliff is having effects on the economy. even though we have not reached the point of the fiscal cliff potentially kicking in. it is already affecting business investment and hiring decisions. we saw what happened to everything in regards to the fiscal cliff, and really this is a major risk factor and a major source of uncertainty about the economy going forward. i would suspect that the participants don't make this explicit, but what they are...
0
0.0
Jan 27, 2024
01/24
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from a looming fiscal cliff that threatened an economy of an entire region while requiredship grew by 435 million new riders. [applause] and no administration and no legislature ever before has invested more money faster into our roads and bridges and public infrastructure to rebuild our state. and i'm grateful -- grateful for your continued partnership and for the majority leader andrew stewart cozens and our speaker. [applause] thank you -- thank you to both of you. thank you. now, we've worked hard to restore integrity and trust in government. and here's what i know, you'll always see more head liens and a happenedful of things we disagree. but the truth is, we are united. united in our commitment to the people of this state. and together we've achieved so much. but standing here and reciting accomplishments is not what people want from their leaders. we will continue to fight the right fights on their behalf and relentlessly pursue common sense ideas that lift up the people of this great state. joining us today is quinton colon roosevelt. quentin is the great, great, great grandso
from a looming fiscal cliff that threatened an economy of an entire region while requiredship grew by 435 million new riders. [applause] and no administration and no legislature ever before has invested more money faster into our roads and bridges and public infrastructure to rebuild our state. and i'm grateful -- grateful for your continued partnership and for the majority leader andrew stewart cozens and our speaker. [applause] thank you -- thank you to both of you. thank you. now, we've...
121
121
Mar 8, 2011
03/11
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are you going to be the vote that was -- that helped us turn back from the fiscal cliff or the vote that pushed the economy that much further toward the edge? with. the presiding officer: without objection, so ordered. mr. mcconnell: as we reengage in the ongoing debate over government spending, it's worth noting that some on the other side have already decided to fold up their tents. last week republicans showed we could change the status quo in washington by cutting government spending. it was a small step, but a step in the right direction. and some of us were hopeful momentum was finally building for the kind of bipartisan consensus that would enable us to cut even more government red ink this week. unfortunately, the assistant majority leader seems to have have enough. yesterday he said that cutting $6 billion pushes limits of what's needed to live within our means. plp, this is ludicrous. ludicrous. so far this fiscal year, washington has spent nearly $650 billion more than it's taken in. this year. that's a little more than $4 billion a day that washington is spending over and abo
are you going to be the vote that was -- that helped us turn back from the fiscal cliff or the vote that pushed the economy that much further toward the edge? with. the presiding officer: without objection, so ordered. mr. mcconnell: as we reengage in the ongoing debate over government spending, it's worth noting that some on the other side have already decided to fold up their tents. last week republicans showed we could change the status quo in washington by cutting government spending. it...
59
59
Jun 6, 2012
06/12
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eye 59
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this fiscal cliff is unquestionably contributing to our fiscal crisis and slowing the economy by creating enormous uncertainty for taxpayers and businesses. absent action to extend this tax relief, americans will be hit with a $310 billion tax increase next year. next year alone. 26 million middle-income families will owe $92 billion in alternative minimum tax when filing their returns one year from now. a family of four earning $50,000 will get hit with a $2,183 tax hike. a small business owner will face a top marginal tax rate hike of 17%. that's catastrophic. the number of farmers who will face the death tax will rise by 2,200%. the number of small business owners who will face the death tax will rise by 900%. there should be no higher priority for the president and the congress than addressing these tax increases. yesterday president clinton seemed to agree, arguing that we should act now, not after the elections, to avoid the fiscal cliff. at a minimum, he concluded that a temporary extension of current tax relief was in order. quote -- to quote former president clinton -- "they will
this fiscal cliff is unquestionably contributing to our fiscal crisis and slowing the economy by creating enormous uncertainty for taxpayers and businesses. absent action to extend this tax relief, americans will be hit with a $310 billion tax increase next year. next year alone. 26 million middle-income families will owe $92 billion in alternative minimum tax when filing their returns one year from now. a family of four earning $50,000 will get hit with a $2,183 tax hike. a small business...
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62
Dec 28, 2012
12/12
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eye 62
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experts predict failure to reach agreement on the fiscal cliff will cause the economy to contract by the year 2013 by half a percent, likely causing unemployment to climb to 9.1%, pushing our nation back into recession. but it doesn't have to be this way. mr. president, it is only because of stubbornness and stagnation on both sides of the aisle that we find ourselves facing this great challenge at the 11th hour. the blame game has shifted into full gear but there will be no winners if both sides continue to play this game of chicken. the united states is in a critical juncture. we could come together and show the world america's still the leader of a global economy, or we can let obstructionism turn this country into a second-rate superpower. mr. president, just last week i was doing some last-minute holiday shopping for my family. in one store i asked the salesclerk how business was going. we got to talking and she told me how numbers were dramatically down this year. she said people were worried. with so much uncertainty about the future, the fragile economy, see she said it's har
experts predict failure to reach agreement on the fiscal cliff will cause the economy to contract by the year 2013 by half a percent, likely causing unemployment to climb to 9.1%, pushing our nation back into recession. but it doesn't have to be this way. mr. president, it is only because of stubbornness and stagnation on both sides of the aisle that we find ourselves facing this great challenge at the 11th hour. the blame game has shifted into full gear but there will be no winners if both...
69
69
Nov 13, 2012
11/12
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CSPAN2
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eye 69
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they will talk about the so-called fiscal cliff and the economy. again, you can see the senate here on c-span2. >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> if folks could settle down, take your seats, stop clinking. i'm michael ettlinger, the vice president for economic policy at the center for american progress, and i will be moderating this panel. i can't a bit of a lesbian and we will be moving from guns to butter i guess. our swords to ploughshares, something. we talk about what, how we're going to deal with the fiscal cliff, whether it's going to a grand bargain or model to our whatever happens. there's never programs that are sadly going to get particular attention or they'll bill we'll hot potatoes. for one reason because their programs the government doesn't consider very much the public, very aware of and things that are very much in the political discussion. you know, for people who are pushing for substantial budget cuts in general, getting entitlements under control, and i think what's notab
they will talk about the so-called fiscal cliff and the economy. again, you can see the senate here on c-span2. >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> if folks could settle down, take your seats, stop clinking. i'm michael ettlinger, the vice president for economic policy at the center for american progress, and i will be moderating this panel. i can't a bit of a lesbian and we will be moving from guns to butter i guess....
0
0.0
Jan 25, 2024
01/24
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CSPAN2
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at the same time, we save the mta from a looming fiscal cliff that threatens the economy of an entire region while ridership grew by 435 million new riders. no administration and no legislature invested more money faster into roads and bridges and public infrastructure to rebuild our state. i am grateful for your continued partnership and our majority leader, andre stewart cousins. thank you to both of you. thank you. we have worked hard to restore integrity and trust in government, and the face we disagree, the truth is we are united in our commitment to the people of this state and we have achieved so much. standing here and reciting accomplishments is not what people want from their leaders. we will fight the right fight on their behalf and relentlessly pursue common sense ideas that lift up the people of this great state. joining us today is quinton colÓn roosevelt, the great-grandson of teddy roosevelt who took the oath of office to be president exactly 125 years ago. at just 19 years old, clinton is the youngest elected official in the nation's capital. clinton, stand up. [appl
at the same time, we save the mta from a looming fiscal cliff that threatens the economy of an entire region while ridership grew by 435 million new riders. no administration and no legislature invested more money faster into roads and bridges and public infrastructure to rebuild our state. i am grateful for your continued partnership and our majority leader, andre stewart cousins. thank you to both of you. thank you. we have worked hard to restore integrity and trust in government, and the...
61
61
Dec 4, 2012
12/12
by
CSPAN2
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eye 61
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it's good for everybody, the economy, fiscal cliff and it would set a tone here in washington that we can get something done when we work together cooperatively. so we've been explicit, specific. we look forward to specificity from republicans. >> there are now countdown clocks -- [inaudible] those of us who have been lucky enough to study the legislative body we have an idea of how things go. there's more and more lawmakers who look at it and say it's december 15th. if you have an agreement and have the time necessary for it to be read, digest it, debated before christmas. the president shares that timeline. it's not december 1st. it's something of a practical matter much earlier than that. is that is that in any way create a sense of urgency? >> the sooner the better that we receive specificity from republicans about what it is they would do on revenues, for example, what it is they want on spending cuts, for example. we will be able to move forward and we look forward to doing that. in terms of the congressional club, i too enjoyed congress when i had the opportunity and many which
it's good for everybody, the economy, fiscal cliff and it would set a tone here in washington that we can get something done when we work together cooperatively. so we've been explicit, specific. we look forward to specificity from republicans. >> there are now countdown clocks -- [inaudible] those of us who have been lucky enough to study the legislative body we have an idea of how things go. there's more and more lawmakers who look at it and say it's december 15th. if you have an...
148
148
Jul 26, 2012
07/12
by
CSPAN2
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eye 148
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and incoming data clearly point to even more slowing in the economy as uncertainty from the fiscal cliff has begun to strangle hiring and investment. my friends on the other side have got to wake up to these facts. the only thing that appears to have changed is that president obama has apparently chosen the path of class warfare and is pursuing a politics-driven tax agenda. i remember days in the past when my friends on the other side would rise up against even their own president when it comes to good economics, but -- and i hope they will again. it appears like it's not so today. my hope is that my colleagues who have supported this tax relief in the past will put the president's shortsighted and self-interested partisanship aside and vote on behalf of their constituents in favor of s. 3413 to extend this tax relief to america's families and small businesses. for the sake of the more than 12.7 unemployed -- 12.7 million unemployed americans, my hope is that we act to prevent the president's campaign drive to malign small businesses and raise their taxes, that it does not get in the way
and incoming data clearly point to even more slowing in the economy as uncertainty from the fiscal cliff has begun to strangle hiring and investment. my friends on the other side have got to wake up to these facts. the only thing that appears to have changed is that president obama has apparently chosen the path of class warfare and is pursuing a politics-driven tax agenda. i remember days in the past when my friends on the other side would rise up against even their own president when it comes...
141
141
Jun 21, 2012
06/12
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CSPAN2
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eye 141
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have you seen any evidence that the lack of progress on resolving the fiscal cliff issue is having an impact on the economy right now. is it slowing economic growth, job creation as we saw last year during this very same debate? and if you're not seeing it coming if you haven't seen it yet, when might we start to see it hit the economy and hurt the economy? >> i think it's a bit early, but as we move forward in the year we do anticipate that the uncertainty associated with the fiscal cliff will have some economic effects. we heard anecdotes in the meeting today about firms that might be government contractors that were not sure about whether the contracts would be in place in january, and making employment decisions based on that. more generally, financial markets don't like uncertainty. particularly, uncertainty of this magnitude. that will be a negative. that uncertainty is there that is going to be an issue. most importantly is that congress get the policy right. i have talked about three elements for fiscal policy. the first is to do no harm as far as recovery is concerned to try
have you seen any evidence that the lack of progress on resolving the fiscal cliff issue is having an impact on the economy right now. is it slowing economic growth, job creation as we saw last year during this very same debate? and if you're not seeing it coming if you haven't seen it yet, when might we start to see it hit the economy and hurt the economy? >> i think it's a bit early, but as we move forward in the year we do anticipate that the uncertainty associated with the fiscal...
114
114
Oct 2, 2012
10/12
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CSPAN2
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eye 114
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we are already seeing the implications of the eminent fiscal cliff affecting the economy. we have seen lots of anecdotal reports of businesses talking about this coming looking at the weak economy, scaling back their plans. we've got the requirements the defense contractors must send out notices to the employees were going to be laid off and those employers are already talking about layoffs and they are getting nervous. if you are a dividend investor and will get 15 to 45%, january 1 with some probability, you are starting to worry about being in the market. so this isn't something that is going to wait until january. it's already hurting the economy and if we look over the fiscal cliff would be responsible and extreme, so the entire issue in the fiscal cliff is to get from here to the spring of 2013 being good stewards of the economy and not costing the recession and that should be the goal. now, if you look at the pieces of the cliff, the first payroll tax cut, this temporary holiday i think there is pretty much a bipartisan consensus that is going to go away. there are
we are already seeing the implications of the eminent fiscal cliff affecting the economy. we have seen lots of anecdotal reports of businesses talking about this coming looking at the weak economy, scaling back their plans. we've got the requirements the defense contractors must send out notices to the employees were going to be laid off and those employers are already talking about layoffs and they are getting nervous. if you are a dividend investor and will get 15 to 45%, january 1 with some...
92
92
Jul 1, 2013
07/13
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CSPAN2
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eye 92
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quote 1
, the fiscal cliff, tax increases, the debt ceiling negotiations that involved spending cuts but i think what you'll see as bernanke goes to congress this week and any future is he will be very polite about it but he will say watch it, guys. this is too much budget cutting too fast. this endangers our economy. >> yeah, i understand that there's not much of any regulation on some of these economic toys, like derivatives, and i guess that a lot of others i don't know about, but i was wondering, is there any protection against common man against some of these inventions of high finance? >> i think it is one thing we learned from this entire episode the last several years is how unimaginably complex the financial system has become and how much of that complexity can endanger the rest of us, can endanger the entire a good of the world. i wrote about the stuff. i thought he knew a lot about the financial markets work and it turned out there all these corners of the financial market i had never heard of the even a lot of the regulators were not as fully versed as you might expect. one small exa
, the fiscal cliff, tax increases, the debt ceiling negotiations that involved spending cuts but i think what you'll see as bernanke goes to congress this week and any future is he will be very polite about it but he will say watch it, guys. this is too much budget cutting too fast. this endangers our economy. >> yeah, i understand that there's not much of any regulation on some of these economic toys, like derivatives, and i guess that a lot of others i don't know about, but i was...
128
128
Aug 31, 2012
08/12
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eye 128
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economy was facing the equivalent of what today we'd call a fiscal cliff. u.s. government had expanded from 3% to the nation's economy to 25% in the war effort was feeling back. they put into place in media cutbacks that were finished. immediate cutbacks to federal spending on all sorts of projects. the view of the federal government prior to world war i in terms of what their responsibilities to the average person with the national defense, which is a post office and we have to watch the flow of good conservatives, especially goods across the borders because one of the major tax sources were of course interested in goods that went in and out. but after that company pretty much looked after yourself. so if people thought about the federal government terms of an economic engine command the way they would tend to think about their role vis-À-vis the individual or even the state was well, if were a notion, a fur on the portrait the federal government may have a president. there is supposed is an daily life. the federal government was really quite small. the follow
economy was facing the equivalent of what today we'd call a fiscal cliff. u.s. government had expanded from 3% to the nation's economy to 25% in the war effort was feeling back. they put into place in media cutbacks that were finished. immediate cutbacks to federal spending on all sorts of projects. the view of the federal government prior to world war i in terms of what their responsibilities to the average person with the national defense, which is a post office and we have to watch the flow...
62
62
Nov 13, 2012
11/12
by
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eye 62
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moving again. >> one issue beyond the fiscal cliff telephone companies face now is cybersecurity. how to secure networks, excuse me, your networks, and u.s. telecom advocated a position that congress should enable better sharing of information between companies, telephone companies and the government. why -- why would this approach be better than regulation? >> guest: well, i think with regulation comes a concern that will be overregulated, and we won't be able to run our businesses the way that we need to, and i think the last thing that we need is another regulatory entity that's designed to oversee an industry. we can handle this ourselves. i think that we can -- we're the experts. we know what needs to be done. today, there is unprecedented cooperation between companies, and we want to work closely with the government. they are getting more of the cyberthreats or as many as business today. the cooperative way, without creating additional regulation, which, to us, translates to money and taxes, we think is a better way to handle p. >> and right now, there's a number of legal co
moving again. >> one issue beyond the fiscal cliff telephone companies face now is cybersecurity. how to secure networks, excuse me, your networks, and u.s. telecom advocated a position that congress should enable better sharing of information between companies, telephone companies and the government. why -- why would this approach be better than regulation? >> guest: well, i think with regulation comes a concern that will be overregulated, and we won't be able to run our businesses...
68
68
Sep 20, 2012
09/12
by
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eye 68
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the congressional budget office says the fiscal cliff could send the economy right back into a recession. look at the time we've wasted. the super committee fell apart almost a year ago, and yet here we are instead of voting on a real and permanent solution to our financial problems, we're getting ready to vote on yet another temporary measure that will allow us to leave before we've addressed a single one of these most critical issues. and what's happened since the super committee shut down with no agreement? one thing that's happened is our long-term national debt has topped $16 trillion, a figure almost impossible to wrap your mind around. but i think you can wrap your mind around this, each one of us that live in this great country is now in debt $50,700, each one of us, every man, woman and child. $15 trillion is roughly the same as our country's economic output, the first time in four years we hit that plateau. the last time our country was 100% of g.d.p. was after world war ii, we were fighting to save our nation, save a way of life. this has been self inflicted and we can't keep
the congressional budget office says the fiscal cliff could send the economy right back into a recession. look at the time we've wasted. the super committee fell apart almost a year ago, and yet here we are instead of voting on a real and permanent solution to our financial problems, we're getting ready to vote on yet another temporary measure that will allow us to leave before we've addressed a single one of these most critical issues. and what's happened since the super committee shut down...
119
119
Jan 12, 2013
01/13
by
CSPAN2
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eye 119
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she even knew some things about the fiscal cliff and the economy, but she didn't know about one combo. i'm not going to say anything much more relevant, but when you have something, you know, guantÁnamo continues to hurt us around the world. i was asking if there was still an issue in the great debate after the arab spring between moderates and extremists make a difference and not in the way people think of the united states. that is not u.s. policy. this is u.s. policy. this defines who we are and stands on our reputation. i want to finish what andy said. i don't know if people have watched a movie called lincoln. but lincoln really is a story about how abraham lincoln and when you look at it, there were a lot of other issues around in it that issue could have been avoided for economic reasons, a lot of other issues and people are saying, it's a moral issue. talking about yemen or other things and closing guantÁnamo, these are things that can be done. the president has a commitment to close guantÁnamo. with this it is a priority. mr. president, this is your legacy. it will be on y
she even knew some things about the fiscal cliff and the economy, but she didn't know about one combo. i'm not going to say anything much more relevant, but when you have something, you know, guantÁnamo continues to hurt us around the world. i was asking if there was still an issue in the great debate after the arab spring between moderates and extremists make a difference and not in the way people think of the united states. that is not u.s. policy. this is u.s. policy. this defines who we...
72
72
Jan 23, 2013
01/13
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eye 72
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a 100% tax increase and protected our economy from the fiscal cliff. two-thirds of those votes came from democrats. if the speaker had enforced the hastert rule, we would be over the fiscal cliff today. what happened on sandy? after nearly three months of stalling, while my state, while the presiding officer's state of connecticut, while the states of new york, new jersey and other states struck by sandy were waiting urgently for the relief that we got to the coast within 11 days. they stalled and they stalled because they could not get a majority of the republican caucus to support federal relief for our hurricane-ravaged states. under the hastert rule, they couldn't get that bill to the floor. so speaker boehner once again decided to forego the hastert rule. that's how they got the sandy emergency aid bill passed. look again at the votes. republican "yes" votes for the disaster bill: 49. republican "no" votes for that bill: 179. that bill was dead on arrival under the hastert rule. the republican caucus couldn't support it, wouldn't support it, and w
a 100% tax increase and protected our economy from the fiscal cliff. two-thirds of those votes came from democrats. if the speaker had enforced the hastert rule, we would be over the fiscal cliff today. what happened on sandy? after nearly three months of stalling, while my state, while the presiding officer's state of connecticut, while the states of new york, new jersey and other states struck by sandy were waiting urgently for the relief that we got to the coast within 11 days. they stalled...
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Aug 31, 2012
08/12
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economy was facing the equivalent of what today we call a fiscal cliff. u.s. government, which had expanded from about 3% of the nation's economy to about 25% in the war effort was scaling back, and they were planning and put into place immediate cutbacks once the war finished, immediate cutbacks through heavy federal spending on all sorts of projects. the view of the federal government prior to world war i in terms of what their responsibilities were to the average person was, well, we do national defense, we do the post office, and we try to watch the flow of goods and services, especially goods, across the borders because one of the major tax sources or customs revenues and duties, and so, of course, they were interested in goods that went in and out, but after that, you pretty much looked after yourself so if people thought about the federal government in terms of an economic engine, the way they would tend to think about their role in their role vis-a-vis the individual or even the state was, well, if we're on an ocean or border, the federal government ma
economy was facing the equivalent of what today we call a fiscal cliff. u.s. government, which had expanded from about 3% of the nation's economy to about 25% in the war effort was scaling back, and they were planning and put into place immediate cutbacks once the war finished, immediate cutbacks through heavy federal spending on all sorts of projects. the view of the federal government prior to world war i in terms of what their responsibilities were to the average person was, well, we do...
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Dec 12, 2012
12/12
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going off the fiscal cliff could cause a major damage to our economy. if we take no action by january 1, as i'm sure most people are now aware, tax rates will go back for all taxpayers to the pre-bush tax rates. the alternative minimum tax that shields tens of millions of americans from paying extra income taxes will expire and millions of americans will be subject to extra taxes. the unemployment insurance program will come, the extended benefit program will come to a halt, the payroll tax holiday will end and individuals' take-home pay will be reduced. we have a serious problem on medicare reimbursement to our physicians. they would be subjected to a significant cut, close to 30% which would have an impact on seniors and our disabled population having access to physician care. and we would go through what's known as sequestration which is across-the-board cuts to almost all federal programs ranging from 8% to about 10% across the board cuts. that would have a major impact on our entire country. we've looked at the numbers in maryland and could be as m
going off the fiscal cliff could cause a major damage to our economy. if we take no action by january 1, as i'm sure most people are now aware, tax rates will go back for all taxpayers to the pre-bush tax rates. the alternative minimum tax that shields tens of millions of americans from paying extra income taxes will expire and millions of americans will be subject to extra taxes. the unemployment insurance program will come, the extended benefit program will come to a halt, the payroll tax...
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Nov 14, 2012
11/12
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we have the fiscal cliff that threatens our economy. that's extremely important. we have confirmation votes on scores of judicial nominees. we have 19 of them pending on the floor. that's all important. all of these things can be done in the time remaining for us. but one of the important legislative priorities is the violence against women reauthorization act. the violence against women reauthorization act. i wrote that with republican senator mike crapo of idaho. this was and is a bipartisan piece of legislation. it won the support of all women senators in this body, republican and democratic alike. it passed by an overwhelming margin in this body. the distinguished presiding officer was a strong supporter of it. this senate-passed bill deserves to be on our short list of priorities for the rest of the year. i was pleased to see that the president and speaker boehner have indicated willingness to work toward a bipartisan solution to avoid the fiscal cliff, but on vawa, the violence against women act, the time for posturing has long passed. congress has failed to
we have the fiscal cliff that threatens our economy. that's extremely important. we have confirmation votes on scores of judicial nominees. we have 19 of them pending on the floor. that's all important. all of these things can be done in the time remaining for us. but one of the important legislative priorities is the violence against women reauthorization act. the violence against women reauthorization act. i wrote that with republican senator mike crapo of idaho. this was and is a bipartisan...
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Jul 14, 2012
07/12
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wa a slee u economy was facing the equivalent of what today we call a fiscal cliff. the u.s. gernment which had expanded from about 3 of the nation's economy to about 25% in the war effort was scalingack and w pinut on the war finished, immediate cutbacks to heavy federal spending on all sorts of projects. the view of the federal government prior to world war i in termsf whe ave on w well, we do national defen, we do the post office, and we try to watch the now of goods and services, especially goods,crosshe rdbecae ofjo sceorussees and duties. so, of course, they were interested in goods that went in and out. but after that you pretty much looked after yourself. so people thought abouthe wotethkutheyrnment in trmsf role vis-a-vis the individual or each this space was, well, if we're on an ocean, if we're on a border, the federal government may have a presence. thers tpoi i y , ohaat feler really quite small. so following world war i the attempt was to return the government, in fact, harding' platform was return to noalcy, thelan w ur eert, ra rn btos almost invisible role in
wa a slee u economy was facing the equivalent of what today we call a fiscal cliff. the u.s. gernment which had expanded from about 3 of the nation's economy to about 25% in the war effort was scalingack and w pinut on the war finished, immediate cutbacks to heavy federal spending on all sorts of projects. the view of the federal government prior to world war i in termsf whe ave on w well, we do national defen, we do the post office, and we try to watch the now of goods and services, especially...
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Nov 28, 2012
11/12
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we should be focused on doing all we can to avoid the the fiscal cliff, to grow our economy, a understand to create the jobs that the american people need and deserve. thank you, madam president. i yield the floor. mr. thune: madam president, i want to h echo the words of my colleague from wyoming with regard to this whole issue of the senate rules because i come from the house of representatives. came to the senate having served first in the house of representatives. served three terms there. and the house of representatives of course is very structured. there is a rules committee. if you want to get an amendment considered, debated, voted on in the house of representatives, there is a process. you have to go plead your case to the rules committee. the rules committee can decide, no, we're not going a how that amendment to be considered. we're not going to allow that amendment to be debated. they can decide which amendments are made in order, how much time is allowed on each amendment. it is a very structured process in the house of representatives, but it makes it very difficult for an
we should be focused on doing all we can to avoid the the fiscal cliff, to grow our economy, a understand to create the jobs that the american people need and deserve. thank you, madam president. i yield the floor. mr. thune: madam president, i want to h echo the words of my colleague from wyoming with regard to this whole issue of the senate rules because i come from the house of representatives. came to the senate having served first in the house of representatives. served three terms there....
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Nov 15, 2012
11/12
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it is frustrating but whether the tarbell and then the fiscal cliff when the economy started to sink we could get our act to gather. what i want more is to seize the opportunity where we make stuff in america again. that is the way to truly crawl out. we're now down and 5.8% unemployment dealing with high tech manufacturing and the export base to have the educated work force. if you look at the model and other midwestern states, it is some model. working with export promotion that is our focus which is also tourism. we lost 60% of the international market with 9/11 because we did not to our math with the be separate of that is 160,000 jobs. europe could process those faster so few and shanghai it took 10 days but it would take 90 days to go to america we have now improve that. that is the tip of the iceberg h-1b visas and we already have a senator senator rubio, senator mikulski and others said a willing to step out on the visa issue that should extend into immigration reform. >> you mention and the risk of losing democrats in the senate. they will be tough. so what was it you like t
it is frustrating but whether the tarbell and then the fiscal cliff when the economy started to sink we could get our act to gather. what i want more is to seize the opportunity where we make stuff in america again. that is the way to truly crawl out. we're now down and 5.8% unemployment dealing with high tech manufacturing and the export base to have the educated work force. if you look at the model and other midwestern states, it is some model. working with export promotion that is our focus...
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Nov 16, 2012
11/12
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bill when we realized the fiscal cliff, back when the economy sunk and we had all the problems and fears back, we were able to get our act together, and what i want more than just that is just to see this opportunity that we have with the economy. we're inventing things. that's the way we truly crawl out of this, and i see it in our state. we're down to, i think, 5.78% unemployment now, and a lot of that has to do with high-tech manufacturing. it has to do with exports. we're a high exports state, and having an educated work force, and i think the model, when you look at the rest of the country, starting to see in a number of mid western states with the improvements, it's a model. i went up with roy blunt, subcommittee on innovativeness and export promotion. that's the focus, and part of that focus is tourism. we lost 16% of the international market since 9/11 because we didn't get our act together on how we do visas. i bring that up because just adding a point back is 160,000 jobs back in america. your had its act together in getting visas processed faster. if you were in shanghai, took
bill when we realized the fiscal cliff, back when the economy sunk and we had all the problems and fears back, we were able to get our act together, and what i want more than just that is just to see this opportunity that we have with the economy. we're inventing things. that's the way we truly crawl out of this, and i see it in our state. we're down to, i think, 5.78% unemployment now, and a lot of that has to do with high-tech manufacturing. it has to do with exports. we're a high exports...
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Oct 22, 2012
10/12
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they're the ones that help grow this economy so the fiscal cliff it is a combination of figuring out what is the right personal rate, what is the right corporate rate and what is the right dividend rate and how did we commit ourselves to a glide path over the next decade to reduce in my view of $4 trillion over the next decade but not disproportionally cut over the next two years along the lines of those 10 years because otherwise we throw the economy right back into a recession. so it's going to be a combination of how do we strengthen the middle class and how do we create a balance when you have a multi-trillion dollar pocket. what's the right tax policy and what's the right fiscal and growth policy? my focus will be on ensuring that middle classes strengthened. kyrillos: jam the country is facing a crisis, the kind you just described. it's a fiscal cliff. we are rolling over it and you know the answer that i heard from senator menendez i'm not sure he understands. i can't believe that they allow the uncertainty to exist out there in homes, and businesses, small businesses, large b
they're the ones that help grow this economy so the fiscal cliff it is a combination of figuring out what is the right personal rate, what is the right corporate rate and what is the right dividend rate and how did we commit ourselves to a glide path over the next decade to reduce in my view of $4 trillion over the next decade but not disproportionally cut over the next two years along the lines of those 10 years because otherwise we throw the economy right back into a recession. so it's going...
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Jul 17, 2012
07/12
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president, one of the foremost threats to our economy is the fiscal cliff. this is an issue that my republican colleagues and i have been talking about for several months now calling for more transparency and the sequestration that will occur at the end of the year, a replacement of the defense sequester, an action to prevent a massive tax increase on the american people. senate democrats who have only recently acknowledged the looming fiscal cliff are now threatening to go over the cliff unless republicans agree to increasing taxes on america's small businesses during this difficult economic period. now, think about that. senate democrats are willing to put our economy at serious risk and our national security in jeopardy unless republicans agree to a massive tax increase on america's small businesses, and i want to point out this is from "the washington post" over the weekend, and this is the headline from the news story. it says democrats threaten to go over fiscal cliff if g.o.p. fails to raise taxes. that's the headline of "the washington post" story. o
president, one of the foremost threats to our economy is the fiscal cliff. this is an issue that my republican colleagues and i have been talking about for several months now calling for more transparency and the sequestration that will occur at the end of the year, a replacement of the defense sequester, an action to prevent a massive tax increase on the american people. senate democrats who have only recently acknowledged the looming fiscal cliff are now threatening to go over the cliff...
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Nov 28, 2012
11/12
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eye 69
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less competitive, less attractive for business, we go back to the fiscal cliff discussion over and over again because unless we get the economy really moving and growing in a long run, these budget problems will occur over and over again. we have identified eight areas where we find, these things would move the needle in a reasonable time frame, two or three or four years we start to see impact and there's quite bipartisan support. and the sustainable budget compromise. number 2, easing immigration now. we need a broader immigration reform, but it is one of the abilities to move rapidly to inject skill to the economy to fill jobs we badly need to fill to sustain our growth. it is not long term solution to the skill problem in america but a critical step we need to take to move the needle. we have got to simplify and realize the corporate tax code. everybody agrees. we just did a survey that included a loss of members of the general public, not business leaders, not sophisticated observers of the economy but the general public, and 70% of the general public believe we need to simplify th
less competitive, less attractive for business, we go back to the fiscal cliff discussion over and over again because unless we get the economy really moving and growing in a long run, these budget problems will occur over and over again. we have identified eight areas where we find, these things would move the needle in a reasonable time frame, two or three or four years we start to see impact and there's quite bipartisan support. and the sustainable budget compromise. number 2, easing...
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Jan 12, 2013
01/13
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she even knew some things about the fiscal cliff and the economy but didn't know about guantanamo. it disappeared. and i'm not going to say anything really much more relevant. we can answer questions, but when you have something -- people said guantanamo continues to hurt is around the world. i asked peter, is it still an issue in the middle east? still an issue that makes people in the great sort of debate after the arab spring between muslim moderates and extremists, that makes a difference in that? that influences people in the way they think about the united states, and, sure, it is. it's still on the list of reasons that people become extremists, the reasons that a recruiting tool for terrorism. it hurts us that way, and it just is not us. trafficking, we want to fight trafficking. it's a terrible thing. but that not u.s. policy. this is u.s. policy. this defines who we are. it's a sustain -- sustain -- stann on our reputation. i want to finish what if andy same don't know how many people heave hear world the movie lincoln. and it's the story how abraham lincoln pushed through
she even knew some things about the fiscal cliff and the economy but didn't know about guantanamo. it disappeared. and i'm not going to say anything really much more relevant. we can answer questions, but when you have something -- people said guantanamo continues to hurt is around the world. i asked peter, is it still an issue in the middle east? still an issue that makes people in the great sort of debate after the arab spring between muslim moderates and extremists, that makes a difference...
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Dec 31, 2012
12/12
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cliff and really hurts almost every american family in our country, in our economy, as a whole. this shouldn't be a surprise to us. it's not as if, if i could use the metaphor, that congress was going along in a bus and -- on a ride through the country and suddenly came to the end of the road and there was a cliff. this shouldn't be a surprise to us. we -- we -- we created this cliff ourselves a year and a half ago when we adopted the budget control act. and we created it for a very good reason: because we knew that we had proven ourselves incapable of making the compromises that were necessary to achieve the long-term bipartisan debt-reduction program that america desperately needs. we're over $16.4 trillion in debt. i'm in my last days as a u.s. senator. if you'd told me when i started that we'd be $16 trillion in debt, i wouldn't have believed it. frankly, if you told me just a dozen years ago at the end of the clinton administration when we were in surplus that we could possibly be $16 trillion in de debt, i would have thought -- well, i would have thought you were not reali
cliff and really hurts almost every american family in our country, in our economy, as a whole. this shouldn't be a surprise to us. it's not as if, if i could use the metaphor, that congress was going along in a bus and -- on a ride through the country and suddenly came to the end of the road and there was a cliff. this shouldn't be a surprise to us. we -- we -- we created this cliff ourselves a year and a half ago when we adopted the budget control act. and we created it for a very good...
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Dec 19, 2013
12/13
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deal, which created more fiscal headwinds for the economy. and now we are at 7%. and it brought down car loan interest rates, and we have seen the favorable response in those areas. moreover, this has been done in the face of unusually tight fiscal policy for a recovery period. i do think it's been effective. but the size of the impact is something we can disagree about and work will continue about. and as i said before the uncertainty about this impact, it is part of the ending programs and so on and why we are treating this as a supplementary tool. [inaudible question] >> i'm from the l.a. times. unemployment benefits, as you know, expire for more than a million people. and how much of an economic impact do you see that having and what effect would you expect that would have on the unemployment rate? if those people dropped out of the labor force, will come down? >> quite a bit. yes. it has a big economic effect in those have been talking about this for it while and it's a major concern and one that i cited in my opening remarks. and the ef
deal, which created more fiscal headwinds for the economy. and now we are at 7%. and it brought down car loan interest rates, and we have seen the favorable response in those areas. moreover, this has been done in the face of unusually tight fiscal policy for a recovery period. i do think it's been effective. but the size of the impact is something we can disagree about and work will continue about. and as i said before the uncertainty about this impact, it is part of the ending programs and so...
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Nov 16, 2012
11/12
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eye 87
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today as is the fiscal cliff. estimate of one to move on to the specific elements but leave you the cliff. i'm not entirely clear on how you put a mechanism into an agreement that forces the suction that everybody seems to want and talk about fundamental tax reform and entitlement reform, everybody wants to do that. the last sequester everybody hates. what goes in? how do we make that happen? >> first you can't go in the fiscal cliff because we are going into the recession and -- >> i'm willing to bargain. [laughter] >> if you keep it specific because of the market reaction you can't unwind then it is a mistake and we will go into the recession and we can't fix deficit or debt problems in the reductions of the short one damages. >> we've got to deal with the -- >> o if we don't do this between january and august of 2013, we want to but in 2014 that is an election year, maybe a better chance 2016 so if we don't do it in the honeymoon period of the new administration we are done until 2017. it is do or die time. >>
today as is the fiscal cliff. estimate of one to move on to the specific elements but leave you the cliff. i'm not entirely clear on how you put a mechanism into an agreement that forces the suction that everybody seems to want and talk about fundamental tax reform and entitlement reform, everybody wants to do that. the last sequester everybody hates. what goes in? how do we make that happen? >> first you can't go in the fiscal cliff because we are going into the recession and -- >>...
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Aug 15, 2012
08/12
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until they fixed the fiscal cliff. it's damaging the economy. >> host: what do you think will happen with what congress will do when they get back and look to address this? >> guest: well, that's one hell of a good question. i'm not sure i know the answer to that question. what i hope will happen, what i hope will happen, is that the tax cuts will be extended in their entirety for a year, and in that year, the congress, may be a new congress, a new administration, can figure out individual and corporate tax reforms. lower the rate, broaden the base, get rid of exceptions we don't need. i'd like to see that, and i'd like to see a more comprehensive approach to budgets, and i'd like to see a big fix. you know, i think that's one of the themes that really has not surfaced yet in this presidential campaign. we need a big fix, and it's going to have many pieces in it, and in some sense, simpson-bowles was the first outline of the big fix on tax reform and limited spending and entitlement reform. we need something like that,
until they fixed the fiscal cliff. it's damaging the economy. >> host: what do you think will happen with what congress will do when they get back and look to address this? >> guest: well, that's one hell of a good question. i'm not sure i know the answer to that question. what i hope will happen, what i hope will happen, is that the tax cuts will be extended in their entirety for a year, and in that year, the congress, may be a new congress, a new administration, can figure out...
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Dec 11, 2012
12/12
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the longer the white house slow walks this process the closer our economy gets fought fiscal cliff. -- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. that's not fixing our problem either. it's making it worse and it's hurting our economy. i think the members know i'm an optimist. i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together toward the best possible solution and that means cutting spending. if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress because right now the american people have to be scratching their heads and wondering whe minority leader, m
the longer the white house slow walks this process the closer our economy gets fought fiscal cliff. -- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as...
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Jan 16, 2013
01/13
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closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform is going to lose out because of scheduling and needing to deal with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically be moved for what we need to do in the next six weeks. so that would leave adequate time to tackle the l
closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform is going to lose out because of scheduling and needing to deal with the...
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Nov 15, 2012
11/12
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he's got to step forward and help us do it the most immediate crisis such as the fiscal cliff. after the down the road to the things that we can do that will really get this country back on track with the economy growing again, great jobs, put americans back to work. those are all things in our grasp better insight if we are willing to do the right things to make them hopping. and of course, we all know the issue being debated right now is the issue of taxes. there's so much analysis can assume any economist at groups who studied this carefully in a set if we raise taxes in a down economy, it is going to cost us economic growth next year, 700,000 jobs. it will reduce take-home pay for many americans. that is the wrong direction in which to go but we believe the president if he is willing to have an opportunity to work with republicans. the house republicans do as well to work with him on a solution that will do it the immediate crisis of the fiscal cliff. just as importantly, the long-term fiscal solvency of this country and getting our economy going and getting americans back
he's got to step forward and help us do it the most immediate crisis such as the fiscal cliff. after the down the road to the things that we can do that will really get this country back on track with the economy growing again, great jobs, put americans back to work. those are all things in our grasp better insight if we are willing to do the right things to make them hopping. and of course, we all know the issue being debated right now is the issue of taxes. there's so much analysis can assume...
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Oct 25, 2012
10/12
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the issues, the most critical is the ticking clock pushing the economy towards a so-called fiscal cliff which some economists they will plunge the economy back into deep recession. regardless of the outcome of the 2012 election and an 11th hour compromise in the swearing-in ceremony what culpability if any does this congress have in putting the u.s. economy in such a state of uncertainty? carper: first of all let me say with respect -- i was the governor of delaware for six years and he was originally interviewed in "the washington post" and asked what caucus would you join and he declined to say. they said who is the century would first like to meet and he said i would like to meet with tom carper so we will see what happens there. with respect to the fiscal lesley of iran sponsored ability and the best way to make sure we don't go over is to follow the tenure of production plan put forward by the bowles-simpson deficit commission. basically $45 trillion over 10 years. the revenues, we wouldn't raise taxes but lowered lower the tax bracket and drive the that based on income. everything
the issues, the most critical is the ticking clock pushing the economy towards a so-called fiscal cliff which some economists they will plunge the economy back into deep recession. regardless of the outcome of the 2012 election and an 11th hour compromise in the swearing-in ceremony what culpability if any does this congress have in putting the u.s. economy in such a state of uncertainty? carper: first of all let me say with respect -- i was the governor of delaware for six years and he was...
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Nov 19, 2012
11/12
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bill and realize the fiscal cliff back when the economy started sinking and we had all those problems a few years back. were able to get our act together. what i want more than just getting our act together on the fiscal issues is just seize opportunities that we have now with the economy. we are actually making steps in american. we're exporting to a to a group where inventing things. that is the way we truly crawl out of this. i see it in our state, we are down to i think if i put a% unemployment. a lot of that has to do with high-tech manufacturing. it has to do with exports. we are at high export state, and having an educated workforce but i think the model when you look at the rest of the country when you're stunned as a number of midwestern states with improvements is the model. i have been meeting with roy blunt on companies come innovation and export promotion, so that's our focus to are the focus is tourism. another area we have lost 16% of the international market since 9/11 because we did get our act together on how we do that. i bring that up because just adding a point ba
bill and realize the fiscal cliff back when the economy started sinking and we had all those problems a few years back. were able to get our act together. what i want more than just getting our act together on the fiscal issues is just seize opportunities that we have now with the economy. we are actually making steps in american. we're exporting to a to a group where inventing things. that is the way we truly crawl out of this. i see it in our state, we are down to i think if i put a%...
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Jan 9, 2013
01/13
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fiscal cliff was prolonged and went for a full calendar or fiscal year. none of that within the cars approver for two weeks, two months, whatever. a score of 10 on this dimension would have included comment in my view, some short-term measures to stimulate the economy, combined with this two to $3 trillion reduction in deficits over a 10 year period, but given the political makeup, that was number in the cards. what about a nine? a nine would've adhered to the hippocratic oath do no harm. on balance, i think we got it a grade on this. extended unemployment would continue for another year or in the states for the recession has hit most severely. the majority of taxpayers simply refer to 99.3% of the population was scared an income tax increase and we enacted a permanent patch, thereby protect dean 30 odd million households from some in the were totally unaware they were about to get a rates, which was a very considerable liabilities for calendar year 2012. but on the other side, and why on this dimension the payroll tax holiday from which all working ameri
fiscal cliff was prolonged and went for a full calendar or fiscal year. none of that within the cars approver for two weeks, two months, whatever. a score of 10 on this dimension would have included comment in my view, some short-term measures to stimulate the economy, combined with this two to $3 trillion reduction in deficits over a 10 year period, but given the political makeup, that was number in the cards. what about a nine? a nine would've adhered to the hippocratic oath do no harm. on...
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Jul 26, 2012
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. >> you think it is possible short of an agreement on the economy and the fiscal cliff that is described for the end of this year you think it's possible short of an agreement to increase the navy and the army and put more money into defense do you really believe that? >> i believe we can, should and need adequate defense. >> where would you get the money from? >> i would provide one for economic advisers to go through the details. >> i don't think that's appropriate. >> please, give me your answer. >> we can go back. there is a difference of view the president's view is we are going to tax more and provide more stimulus and that's going to have results. the president doesn't want that discussion with the american people. he wants a discussion on taxes. >> to small facts. again, just to put the president's current defense plan in context the army is coming down somewhat in size for example if the end of the war and i reckon the transition afghanistan. it will still be larger than it was, you know, at the point of 9/11. before the war began. we grew the army to prosecute the war. it can r
. >> you think it is possible short of an agreement on the economy and the fiscal cliff that is described for the end of this year you think it's possible short of an agreement to increase the navy and the army and put more money into defense do you really believe that? >> i believe we can, should and need adequate defense. >> where would you get the money from? >> i would provide one for economic advisers to go through the details. >> i don't think that's...
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Dec 7, 2012
12/12
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and the fiscal cliff. it's expected to get under way shortly, and we're bringing it to you live here on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, all. good morning. i'm john fox sullivan, i'm publisher at large of atlantic media company, we publish the atlantic, national journal, government executive, a new product, quartz, and we want to welcome you to this special event this morning. and i want to welcome our c-span audience which is tuning in. um, this is the 15th allstate/national journal heartland poll that we're going to be discussing this morning. since april of 2009, allstate and national journal and the atlantic have partnered in surveying the public opinion of a little bit oriented towards the mitt middle class -- middle class, but public at large. this was initiated by our friend ed reilly and ron brownstein of national journal and post the economic crisis, we decided to see what the american public perceptio
and the fiscal cliff. it's expected to get under way shortly, and we're bringing it to you live here on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, all. good morning. i'm john fox sullivan, i'm publisher at large of atlantic media company, we publish the atlantic, national journal, government executive, a new product, quartz, and we want to welcome you to this special event this morning. and i want to...
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Sep 25, 2012
09/12
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she also talked about the fiscal cliff and political climate in the united states as well as the role of central banks and monetary policy played in the global recession. from washington d.c., this is about an hour and a half. >> let me welcome all of you today to our peterson institute for international economics for a very special event in honor of christine lagarde, managing director of the imf since july a year ago. madam lagarde has obviously been playing a very central role in the management of the global economic and financial crises from its outset, from the prior position as minister i. manson rant and continuing of coors at the home of the imf. she famously attended some of her high school in earlier days here in bethesda. she is a lawyer by training, spent much of her career at a current mckinsey becoming chairman of the global executive committee and then chairman of their global strategic committee in 2004. she then joined the french government in 2005, originally as minister for foreign trade of them as minister for fisheries her brief time and then in june june 2007, ju
she also talked about the fiscal cliff and political climate in the united states as well as the role of central banks and monetary policy played in the global recession. from washington d.c., this is about an hour and a half. >> let me welcome all of you today to our peterson institute for international economics for a very special event in honor of christine lagarde, managing director of the imf since july a year ago. madam lagarde has obviously been playing a very central role in the...
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Sep 20, 2012
09/12
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the congressional budget office tells us that failure to avoid this fiscal cliff will shrink the economy next year and push unemployment above 9%. that means 2 million jobs will be lost and we'll be back in recession. the house has acted. election year or not, there is no excuse for the senate not to follow the house's action, it's lead in acting to avoid the job-killing consequences of this fiscal cliff. ms. snowe: mr. president, it is are astounding to me, mr. president, that after putting the nation through the self-inflicted travesty of last year's debt ceiling debacle that we're facing another manufactured crisis this year with a fiscal cliff that never would have existed if the senate had remained in session, had fewer recesses, and maximized every legislative day based on the job we were elected to do as i have argued virtually throughout this entire congress. according to a recent study illustrated by this chart, deferring last year the debt ceiling to the 11th hour in august produced the highest level of policy uncertainty than any event that occurred over the last 20 years, tha
the congressional budget office tells us that failure to avoid this fiscal cliff will shrink the economy next year and push unemployment above 9%. that means 2 million jobs will be lost and we'll be back in recession. the house has acted. election year or not, there is no excuse for the senate not to follow the house's action, it's lead in acting to avoid the job-killing consequences of this fiscal cliff. ms. snowe: mr. president, it is are astounding to me, mr. president, that after putting...